Bank of New York Mellon Corp Has $562.42 Million Stake in Dover Corporation $DOV

Bank of New York Mellon Corp grew its holdings in shares of Dover Corporation (NYSE:DOV) by 174.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,880,653 shares of the industrial products company’s stock after acquiring an additional 1,830,722 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dover were worth $562,419,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in Dover during the third quarter worth about $25,000. Tompkins Financial Corp raised its stake in Dover by 102.7% during the fourth quarter. Tompkins Financial Corp now owns 152 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Leonteq Securities AG acquired a new position in Dover during the fourth quarter worth about $34,000. Westside Investment Management Inc. raised its stake in Dover by 100.0% during the third quarter. Westside Investment Management Inc. now owns 228 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 114 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Dover during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV stock opened at $213.91 on Thursday. The business’s 50 day simple moving average is $215.03 and its 200 day simple moving average is $208.97. Dover Corporation has a one year low of $158.97 and a one year high of $237.54. The stock has a market capitalization of $28.80 billion, a PE ratio of 26.67, a PEG ratio of 1.62 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.32.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 23rd. The industrial products company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.27 by $0.01. Dover had a return on equity of 18.01% and a net margin of 13.30%.The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, research analysts forecast that Dover Corporation will post 10.62 earnings per share for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.08 annualized dividend and a yield of 1.0%. Dover’s payout ratio is 25.94%.

Wall Street Analyst Weigh In

DOV has been the subject of several research analyst reports. Weiss Ratings downgraded Dover from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Citigroup reissued a “buy” rating on shares of Dover in a research note on Friday, April 24th. Robert W. Baird boosted their target price on Dover from $255.00 to $279.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Seaport Research Partners boosted their price target on Dover from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, BMO Capital Markets boosted their price target on Dover from $237.00 to $250.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.36.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.